		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/11/ftse-dips-over-eurozone-debt-fears.jpg"><img class="alignnone size-full" title="The FTSE 100 Index had fallen 93.1 points to 5605.9 by mid-session" src="http://londonglossy.com/wp-content/uploads/2010/11/min-ftse-dips-over-eurozone-debt-fears.jpg" alt="The FTSE 100 Index had fallen 93.1 points to 5605.9 by mid-session"/></a></p>
<p>Fears of eurozone debt contagion sent London&#8217;s blue chip share index plummeting in a fresh global shares sell-off.</p>
<p>The FTSE 100 Index tumbled by 93.1 points to 5605.9 &#8211; a drop of 1.6% &#8211; while markets also suffered across Europe, with Germany&#8217;s Dax down 1.1% and the Cac-40 in France 1.6% lower.</p>
<p>America&#8217;s Dow Jones Industrial Average was likewise heading for a steep fall on opening after the Thanksgiving holiday, according to futures trading.</p>
<p>Investor focus has now moved to Portugal as reports suggest its partners in the European Union are urging the country to seek a bail-out. The anxiety has also sent government bond yields &#8211; an important indicator of confidence &#8211; for Spain and Ireland spiking as investors rush to sell them.</p>
<p>And in currencies, the euro dropped against most major currencies, including the pound, dollar and yen. Sterling hit just under 1.19 euros as the single currency weakened.</p>
<p>The pressure on shares was compounded by worries surrounding heightened tensions in Korea, with North Korea warning that US-South Korea plans for military action put it on the brink of war.</p>
<p>Energy companies were also under pressure after industry watchdog Ofgem announced an investigation following recent bill hikes.</p>
<p>British Gas parent Centrica dropped 3% or 8.3p to 316p as Ofgem said it would probe supplier accounts after discovering their profit margins has soared 38% since September. Scottish &#038; Southern Energy also fell, down 14p to 1142p, or 1%. </p>
<p>Both firms have revealed price rises in recent weeks and Ofgem said it wanted to check the &#8220;facts behind the figures&#8221; after the latest round of bill increases.</p>
<p>Telecoms firm BT was on a shortened list of share risers after the group said Mumbai-based manufacturing conglomerate Mahindra &#038; Mahindra had agreed to buy a further 5.5% stake in their outsourcing joint venture Tech Mahindra from BT. BT&#8217;s shares rose 5.1p to 172p.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-69e4a44fcc03b">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-69e4a44fcc03b',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
